Fuelcell Energy vs Plug Power: revenue, profit, margins and growth compared
Fuelcell Energy brought in $158.2M of revenue in fiscal 2025, Plug Power $709.9M in fiscal 2025. Revenue changed by +41.0% at Fuelcell Energy and +12.9% at Plug Power on the year before, so Fuelcell Energy grew faster. Fuelcell Energy kept -118.8% of its revenue as net profit, Plug Power -229.8%. Free cash flow was -$143.9M at Fuelcell Energy and -$647M at Plug Power.
Fiscal years as each company reports them; the two may end in different months.
Questions about Fuelcell Energy and Plug Power
Which is bigger by revenue, Fuelcell Energy or Plug Power?
Plug Power is bigger by revenue: $709.9M in fiscal 2025, against $158.2M for Fuelcell Energy in fiscal 2025.
Which keeps more of its revenue as profit, Fuelcell Energy or Plug Power?
Fuelcell Energy had a net margin of -118.8% in fiscal 2025; Plug Power had -229.8% in fiscal 2025.
Which grew revenue faster, Fuelcell Energy or Plug Power?
In their latest fiscal years revenue changed by +41.0% at Fuelcell Energy and +12.9% at Plug Power.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.